Jonathan Cook
on December 20th, 2023 Sterling recorded gains against its rival currencies on Tuesday as markets ramped up bets that stubborn inflation would force the Bank of England to be slower to cut interest rates.
UK consumers have been relatively resilient to rate increases, but a good test of that will come on Friday with the release of retail sales figures. Forecasts predict a pre-Christmas bounce of 0.6%, which would be well up from the -0.3% seen in October.
GBP/USD: the past year
Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.
Secure, quick and efficient transfers. Authorised by the FCA.
Avoid losing money and protect against currencies moving against you.
Dedicated currency trader working with you to get the best value for your money.
Recommend our services to your friends, family or colleagues and earn great rewards.
